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Orpic, the nation’s refining and petrochemicals flagship, has revealed that Oman’s most anticipated transformational project, Liwa Plastics Industries Complex (LPIC), is currently 67 per cent complete across all four of its Engineering-Procurement-Construction (EPC) packages.

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According to a new report from Markets and Markets, the global cast elastomers market is estimated at USD 1.20 billion in 2018 and is projected to reach USD 1.52 billion by 2023, at a CAGR of 4.8 % between 2018 and 2023.

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Johnson Matthey and Eastman Chemical Company (Eastman) announced that their advanced, proprietary technology for the production of ethylene glycol from coal has been selected by Inner Mongolia Jiutai New Material (Jiutai) for its planned 1,000,000 t/y ethylene glycol facility.

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Toray Industries Inc., Japan’s leading advanced materials maker, will invest KRW 100 billion (~ USD 89.3 million) over the next three years to bump up polyphenylene sulfide (PPS) resin output capacity at its plant in Gunsan, South Korea. The North Jeolla provincial government office said Thursday (13 September 2018) that Akihiro Nikkaku, president and chief executive officer of Toray Industries, met with its governor to submit the company’s investment plan.

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BASF has launched a new production facility for Infinergy expanded thermoplastic polyurethanes (E-TPU) at its Changhua manufacturing site in Taiwan.

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According to the Italian plastics and rubber processing machinery and moulds manufacturers' association Amaplast, based on foreign trade data published by the Istituto Nazionale di Statistica (ISTAT), Italian imports of plastics and rubber processing machinery racked up a 23 % increase in the first half of 2018 compared to the same period in 2017 – a clear contrast to the weak development of exports. Despite a decline of 7 %, the trade balance has remained positive by over EUR 1 billion. The growth in imports may be interpreted as renewed faith in the domestic market, mainly due to investment incentives that are likely to be renewed, said the association.

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Sibur expands production capacities for thermoplastic elastomers at the Voronezh site. (Source: Sibur)

Sibur announced that it will boost the TPE production capacity at its Voronezh site by 50,000 t/y. The project has been approved by Russia’s General Board of State Expert Review (Glavgosexpertiza) and the Sibur’s investment committee. With the current TPE output of 85,000 t/y, Voronezhsintezkauchuk’s design capacity is set to increase to 135,000 t/y.

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Zeon Corporation has announced that global selling prices for the company’s thermoplastic elastomers (SIS) under the brandname Quintac will be raised. The increase is USD 220 per metric ton. The price increase will be effective for product deliveries from 1 October 2018.

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The Austrian companies Getzner Werkstoffe and voestalpine VAE have signed an agreement for global cooperation in the field of rail components protected against vibration.

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TÜV Rheinland has recently certified ISL-Chemie GmbH & Co. KG, a producer of colour pastes and paints for the plastics and lacquer industries, according to the IATF 16949:2016 standard.

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